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Online capital goods retailer Omnikart raises $100,000 seed fund

The startup company has set up operations in Powai and Ghatkopar, Mumbai and has so far processed 1,000 orders

Federal Bank Q1 profit down 36% to Rs 141 crore

Higher NPA provisioning impacts numbers; income up 9.3% to Rs 2,108 cr

Two Air India planes damaged at Delhi airport due to thunderstorm

The planes, a Boeing 787 and a Boeing 777 were parked at bay numbers at 18 and 22

One and a half million devotees throng Puri to witness Rath Yatra

Two die of suffocation as crowds jostle to get glimpse of renewed deities

HDFC to raise up to Rs 85,000 cr this fiscal

Amount will be raised through issue of redeemable Non-Convertible Debentures

Counting numbers on Constitution Amendment Bill on GST

Cong, along with AIADMK and the Left are opposed to the Bill on various counts. The passage of the Bill requires a 2-3rd majority of those present and voting

Govt banks weigh hike in profit share for staff

SBI seeks govt nod to share 3% of profit with employees; others to follow

Number of M&A, PE deals grows 33%, but value flat

Start-up driven Private Equity investments see spurt in volume while average deal size reduced

In a first, PC industry de-grows 10%, phablets up 527%

Smartphone sales increased by 33% to 69.67 million while phablets registered a 527% growth over last year with 50.8 million sales

Centre preparing draft GST legislation

For both central and state systems, to be opened for feedback once the Constitution amendment is through

Interest subvention scheme for exporters on cards

Under the scheme, a portion of the rates is reimbursed by govt to lenders; loans at subsidised rates would help exporters boost shipments

Air India, GoAir to shift to Mumbai airport T2 from September

MIAL has not yet announced how it intends to utilise terminal 1A after Air India and GoAir vacate it

QuikWallet raises $1.6 mn from Snow Leopard Ventures

The venture has in all raised $2.1 million and is looking to raise $5 million in Series A financing

ArcelorMittal does not rule out Karnataka for upcoming steel plant

This, after team met landowners in Hubli earlier this month

Vyapam scam: CBI tags 'murder' on Namrata death, files three new FIRs

The agency also initiated probe into journalist Akshay Singh's death

City scribe covering police raid on bar found dead, two others injured

CM assures probe by a senior official and action against culprits

Govt mulls allowing airlines pool aircraft orders

The move will help domestic airlines negotiate better terms with aircraft makers and bring down overall associated costs

Forex reserves fall by $156.9 mn to $354.36 bn

During the week, gold reserves remained unchanged at $19.07-bn

Sensex posts biggest weekly gains in four weeks

The benchmark Sensex and Nifty have gained around 4.2% each in the past month. The mid-cap and small-cap indices have gained nearly 7%

India can be $8 trillion economy in less than 15 yrs: Panagariya

Could displace Japan to become third largest economy